Citing recessionary pressures, the CineVegas Film Festival will go on hiatus for at least a year.
CineVegas president Robin Greesnpun and artistic director Trevor Groth made the announcement Friday.
"Given the current economic climate and the pressures it has created, we made the difficult decision to put CineVegas on hiatus for the coming year," Greenspun said in a statement. "CineVegas has become such a well-respected film festival and rather than allow the economy to affect its level of quality, we have opted to put the event on hold."
Groth said he's aiming to revive the festival once the recession has passed.